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Dec 29, 2012
12/12
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FBC
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look at what is going on in spain. millions of people taking to the streets. they still call it a recession with 25 percent unemployment in spain, greece. things are getting worse everywhere. the austerity measures, what austerity measures? i got one. make a story. i'll make a bad bet. i don't want to take my losses. of take the money from you, mr. citizen. of tax you more, cat your services. what you do did you will pay more for my note that your pension and benefits. tom: how does all this in? we wind up with pitchforks? >> it's happening now. they don't call it class warfare. that is what is going on over there. again, there is no air spring. there's nothing about a pro-democracy movement. far too few had much too much and way too many head was too little. the people in the street that one piece of the pipe command it's going on around the world. and for some reason people are oblivious to it. look in this country, college graduates, the income is declining eight or 10% since the recession. you can't find a job. 3 percent of them have jobs paying high-schoo
look at what is going on in spain. millions of people taking to the streets. they still call it a recession with 25 percent unemployment in spain, greece. things are getting worse everywhere. the austerity measures, what austerity measures? i got one. make a story. i'll make a bad bet. i don't want to take my losses. of take the money from you, mr. citizen. of tax you more, cat your services. what you do did you will pay more for my note that your pension and benefits. tom: how does all this...
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Dec 28, 2012
12/12
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CNBC
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. >> what's your view on spain? the country managed to avoid bailout so far, but will not meet its deficit target for the full year. do you think spain should be given more time? >> well, first of all, i think that, again, spain is going in the right direction. when you look at the current account, the deficit, you see that it had been diminished massively since the peak that they had in 2008, 2009. and, you know, as a very short summing up, it's been divided by more than five, though it's very, very encouraging. on the other hand, you have unit labor costs which have been diminishing quite a lot and the exports of spain are very dynamic today. so it also demonstrates that hard work is being done. it's difficult. it's tough, but going in the right direction. i trust that the global observers are observing progressively and the adjustment is proceed. in spain and in all the countries that are under adjustment. >> now, lonmin's ceo ian farmer is stepping down while being treated for a serious illness after being first
. >> what's your view on spain? the country managed to avoid bailout so far, but will not meet its deficit target for the full year. do you think spain should be given more time? >> well, first of all, i think that, again, spain is going in the right direction. when you look at the current account, the deficit, you see that it had been diminished massively since the peak that they had in 2008, 2009. and, you know, as a very short summing up, it's been divided by more than five,...
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Dec 20, 2012
12/12
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FBC
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have moved on from blackberry and hard to get them back but we have seen recently markets like france, spain, brazil, where rim is losing a ton of market share, it is really hard to get them back, it needs to be better thao anything else out there and the chances of actually being true are fairly slim. liz: lagging behind because some of us can't let go. [talking over each other] >> i have two phones, and i phone and blackberry. liz: can't let go. >> it works. when i travel abroad it works. don't have to see the bill, the phone works and e-mail works and by company pays for it. i still have one. liz: the perfect situation. mike, thank you so much. a lot of information. liz: happy holidays. senator harry reid calls today's house speaker of the bonds john boehner's plan be a pointless political stunt. why is there a vote today? is happening. fox business will cover it wall-to-wall. what will happen next? live in d.c. with the latest. liz: live outside with an rv. remember that? randy quaid, winnebago to be exact, this is better than randy quaid, demand is strong, the company raising output, st
have moved on from blackberry and hard to get them back but we have seen recently markets like france, spain, brazil, where rim is losing a ton of market share, it is really hard to get them back, it needs to be better thao anything else out there and the chances of actually being true are fairly slim. liz: lagging behind because some of us can't let go. [talking over each other] >> i have two phones, and i phone and blackberry. liz: can't let go. >> it works. when i travel abroad...
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Dec 28, 2012
12/12
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FBC
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interest rates are reasonable in spain, italy, and great britain. ashley: corporate earnings, signs of weakness in the last earnings season. concernedded about that? >> i think that it's cyclical. i think there's been little signs. i think we have to get employment together in the united states. housing is starting to come back. we're -- slowly, but in the north east in particular, there's more demand, and there's less housing inventory, but in the rest of the country, we have to wait and see on that. employment is really, really the key thing, and so what comes out of all the negotiations and how we employee people, infrastructure, and all of that makes a difference. ashley: companies hunkering down, a lot of cash, but not doing in until washington gets the act together. >> means technology, for example, could be a big sector. if companies get signals from washington and go out and invest into hiring people, putting technology online, it could be great, but we're just waiting and waiting and waiting, which is why it's a cliff hanger. ashley: cliff
interest rates are reasonable in spain, italy, and great britain. ashley: corporate earnings, signs of weakness in the last earnings season. concernedded about that? >> i think that it's cyclical. i think there's been little signs. i think we have to get employment together in the united states. housing is starting to come back. we're -- slowly, but in the north east in particular, there's more demand, and there's less housing inventory, but in the rest of the country, we have to wait and...
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Dec 31, 2012
12/12
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FBC
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coming from italy and spain. are you concerned at all that it will dig into your maagins? >> i am not. has been around for a long time. % go, you know, it is a lower effervescent sparkling, and it's from italy. i just don't think it's tapping into our market all. i say that because we are up to tremendous this year. cheryl: well said. breaking news coming out of washington. great to have you on the show. happy new year. i want to bring in diane, as we do every 15 minutes. we are getting some news coming out of washington. the dow jones jumping right now. up 70 points right now. >> reporter: that's right. session highs. the dow up 73, nasdaq about 35, the s&p up almost 12 points after seeing it fairly flat, searching for direction all morning. keep in mind, five straight losing sessions for the dow, trying to stave off that losing streak here on hopes of of this bill cliff still coming through, also taking a look at pfizer and bristol-myers today, the fda approving a cholesterol fighting drug from both companies. those are both up. bristol-myers up one and a half%. pfizer u
coming from italy and spain. are you concerned at all that it will dig into your maagins? >> i am not. has been around for a long time. % go, you know, it is a lower effervescent sparkling, and it's from italy. i just don't think it's tapping into our market all. i say that because we are up to tremendous this year. cheryl: well said. breaking news coming out of washington. great to have you on the show. happy new year. i want to bring in diane, as we do every 15 minutes. we are getting...
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Dec 31, 2012
12/12
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CNBC
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among those closed include spain and germany. we're start with asia. shanghai composite is the outperformer. you saw up 1.6% there. here is a list of the markets closed across europe. germany, switzerland, germany and austria. for the bourses that are open, we can take a look at performance this morning and then we'll take a look over at the bond wall. the ftse 100 is down about .4%. ibex down .5%. not a clear picture. definitely mixed trade as people look to close out the year. the bond wall gives the sense for what kind of wall dominates. we're seeing bond yields move higher. investors are exiting the asset class today. italy around the 4.5% level. we've seen these predominant for several weeks and likely a quick check on forrus. the yen, an important one to keep an eye on, as well. dollar/yen firmer, continuing the patterns that we've seen over the last couple of trading sessions. for more on what to expect from markets today, we're joined by chris meyer, managing director and chief strategist from loop capital markets. chris, good morning. we wake
among those closed include spain and germany. we're start with asia. shanghai composite is the outperformer. you saw up 1.6% there. here is a list of the markets closed across europe. germany, switzerland, germany and austria. for the bourses that are open, we can take a look at performance this morning and then we'll take a look over at the bond wall. the ftse 100 is down about .4%. ibex down .5%. not a clear picture. definitely mixed trade as people look to close out the year. the bond wall...
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Dec 31, 2012
12/12
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FOXNEWSW
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when you look at how much we are spending we are similar to spain and greece. it is not a pretty scenario. >> tell me this what happens when we judge up against it? >> everybody starts wondering when we are going to raise the debt ceiling. there's a debate because they don't like to. then you have all of wall street looking at this wondering if we will be able to pay our bills. you remember what happened last time around the market sold off 2,000 points over the 2 month period. it was dramatic and hurt people's 401 k's. if you can't pay your bills you get a downgrade. >> again. >> it's not going to be good news. you know what happens you can't borrow as much money. >> that's what happens to me. >> it costs you more to borrow. all of us coming together it will be -- it could be we would be watching none of this would come to a surprise fell off the market every single day. they know what's happening. they know what's going on. it's not a surprise but nobody likes to see it. >> when they raise the debt ceiling is that to pay off debt already accrued. >> the money
when you look at how much we are spending we are similar to spain and greece. it is not a pretty scenario. >> tell me this what happens when we judge up against it? >> everybody starts wondering when we are going to raise the debt ceiling. there's a debate because they don't like to. then you have all of wall street looking at this wondering if we will be able to pay our bills. you remember what happened last time around the market sold off 2,000 points over the 2 month period. it...
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Dec 13, 2012
12/12
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FOXNEWSW
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impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. to the number 1 club in the world. the potential of manchester united unlocked. nyse euronext. unlocking the world's potential. introducing chase liquid. card hassles? the reloadable card that's easy to activate and can be used right away. plus, you can load cash or checks at any chase depositfriendly atm and checks right from your smartphone. get rid of prepaid problems. get chase liquid. >> greta: president obama refusing to budge. if that happen, will america's top earners leave the country? sounds extreme? that's what's happening in france. the socialist government imposing a 75% tax on numbers higher than 1 million euros and st
impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. to the number 1 club in the world. the...
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Dec 20, 2012
12/12
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KQED
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just how far should spain's police go in keeping protest under control? cashing in on the the end of the world. in some places, doomsday is proving quite the business boom
just how far should spain's police go in keeping protest under control? cashing in on the the end of the world. in some places, doomsday is proving quite the business boom
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Dec 21, 2012
12/12
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FOXNEWSW
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impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? >> sean: this is a fox news alert. moments ago, the republican leadership was forced to pull speaker john boehner's plan off the house floor because they did n
impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. gives you 1% cash back on all...
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Dec 4, 2012
12/12
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KCSMMHZ
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it is an archaic sport, once hugely popular in spain. then it was banned, but now it is making a comeback. this traditional hunting method is being legalized by a number of regions. even the spanish environment ministry is backing the move, hoping to see a rise in takings in national parks as a result of people buying hunting permits, but animal rights activists are far from happy, calling the horseback hunting savage. >> this is a story from spain about wild boars and a controversial method of hunting them. but it is also a story about a country in crisis and how one is sacrificed for the good of the other. this is a member of the old gentry. hunting has been in his family's blood for generations. he is helping revive the tradition of hunting wild boar on horseback with spears. the sport, known as pigsticking, was long banned, but he has legalize it again. as chairman of the pigsticking international club, he wants to use the hunt as a way to draw tourists to the region. hunters pay at least 5000 euros per team to take part, money the l
it is an archaic sport, once hugely popular in spain. then it was banned, but now it is making a comeback. this traditional hunting method is being legalized by a number of regions. even the spanish environment ministry is backing the move, hoping to see a rise in takings in national parks as a result of people buying hunting permits, but animal rights activists are far from happy, calling the horseback hunting savage. >> this is a story from spain about wild boars and a controversial...
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Dec 22, 2012
12/12
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MSNBCW
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. >>> people in spain lining up to buy tickets for the legendary christmas lottery. sales down for the 200th el gordo, which will hand out $3.5 billion. >> young folks in denver turned out for a flash mob to celebrate that the world did not end after all. they sang the classic rem song "it's the end of the world as we know it." even though it wasn't. >>> the president and congress home for the holidays. president obama and the first family left for hawaii and their christmas vacation. kristen welker in hawaii and with a good morning to you. kristen, i know are you in hawaii, but it's not vacation. the question i think air force one landed a couple of hours ago? >> yep, about two hours ago, alex certainly not a vacation for me. >> 2:30 in the morning there, right? >> quite early here. and president obama beginning his vacation against the back drop you just described. washington still in disarray. seemed earlier this week, the president obama, house speaker john boehner, would get a deal that would include deficit reduction and tax reform. that has fallen apart. so th
. >>> people in spain lining up to buy tickets for the legendary christmas lottery. sales down for the 200th el gordo, which will hand out $3.5 billion. >> young folks in denver turned out for a flash mob to celebrate that the world did not end after all. they sang the classic rem song "it's the end of the world as we know it." even though it wasn't. >>> the president and congress home for the holidays. president obama and the first family left for hawaii and...
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Dec 18, 2012
12/12
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CNBC
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announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefull. with investment information, risks, fees and expenses to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf,
announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefull. with...
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Dec 29, 2012
12/12
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KCSM
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credit rating agencies handed out significant downgrades to spain and portugal in particular. europe's firefighting coalition of finance ministers hoped a fiscal pact with tight budgetary controls and national debt breaks would need future crises in the bud, but some economists were more realistic. >> the fiscal pact was basically superfluous. we already knew that all the countries were trying to cut back. weather or not they continue making cuts in 2018, which is what the fiscal pact promise, is of little interest to the markets. >> agrees also posed a challenge to the eu finance ministers, who approved a 130 billion you're out -- billion euro bailout -- greece also posed a challenge to the eu finance ministers, who approved a 130 billion euro fail appeared more and more, the focus on firewall plans for 2013, releasing 800 billion euros in october, but that attempt to extinguish the problem came too late for the spanish financial markets. one bank sounded alarm in may. it was nationalized and needed funds to survive. other banks went through similar problems. risk premiums fo
credit rating agencies handed out significant downgrades to spain and portugal in particular. europe's firefighting coalition of finance ministers hoped a fiscal pact with tight budgetary controls and national debt breaks would need future crises in the bud, but some economists were more realistic. >> the fiscal pact was basically superfluous. we already knew that all the countries were trying to cut back. weather or not they continue making cuts in 2018, which is what the fiscal pact...
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Dec 22, 2012
12/12
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FOXNEWSW
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this kind of outcome is common in spain as the country's lottery concentrates on shared payouts instead of one big jackpot. and prince william and duchess of cambridge breaking with royal tradition this year, spending christmas with her family. royal insiders say the pregnant duchess will likely get more rest at home with her family than at the queen's annual christmas gathering. >> i'm not sure i would give up that christmas party. a texas lawmaker is working to bring back the reason for the season, and pre-filing the merry christmas bill and legislatures he hopes will allow teachers and school administrators to use the word "christmas" without fear of retribution. brennan todd has more from the affiliate. >> i hope they bring it back. >> reporter: she says her daughter could never understand why when she was in elementary school they had a holiday tree, but couldn't call it a christmas tree. >> i think they should have that right and they should say whatever they can. >> reporter: what lawmaker wants to take that fear of saying or displaying religious messages out of the school system
this kind of outcome is common in spain as the country's lottery concentrates on shared payouts instead of one big jackpot. and prince william and duchess of cambridge breaking with royal tradition this year, spending christmas with her family. royal insiders say the pregnant duchess will likely get more rest at home with her family than at the queen's annual christmas gathering. >> i'm not sure i would give up that christmas party. a texas lawmaker is working to bring back the reason for...
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Dec 31, 2012
12/12
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FBC
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announcer ] how can power consumption in china, impa wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. shibani: breaking news, live pictures from the white house as we wait for president obama to speak in about 15 minutes from now as lawmakers struggle to hammer out a deal on the fiscal cliff. peter barnes believes the president will announce a deal. we will bring you his comments live. it is an early close on the trading day. sandra smith is in the pits where traders are watching every development in washington. she joins us now with today's trade and how commodities are faring. sandra: we just had financial commodities close for the day. the treasury pits just closed minutes ago. it was an interes
announcer ] how can power consumption in china, impa wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before...
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Dec 24, 2012
12/12
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CNNW
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spain, italy, the uk, all found austerity taking its toll even more as unemployment continued to rise in some of those countries. even the large country, the economic powerhouse germany found its slelf slowing down. the root cause of it all was the inability of the european governments to come to policies to get growth started again. towards the middle and end of the year they did, but the tale was style there. very much austerity again and again. perhaps if there was only one change that took place as we moved into the fall and into the winter. it was the realization that most of these countries could take no more austerity. social welfare having been cut, health care cut, unemployment, growth virtually nonexistent. now the talk is not of more austerity, but how to get growth started again across the contine continent. suzanne. >> thank you, richard. >>> christmas, of course, is a time of giving, but there are many struggling families in boston that couldn't aafford to get their children he anything. this year for almost six decades help kamt not in santa's sleigh but in a big, brown
spain, italy, the uk, all found austerity taking its toll even more as unemployment continued to rise in some of those countries. even the large country, the economic powerhouse germany found its slelf slowing down. the root cause of it all was the inability of the european governments to come to policies to get growth started again. towards the middle and end of the year they did, but the tale was style there. very much austerity again and again. perhaps if there was only one change that took...
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been long trial the medical workers thousands of spain protested howls privatize ation as the activities called for mortal aspirations against. its eleven in the morning in the russian capital you're watching all see was me hello and welcome to the park ron. now the main opposition group in egypt has urged its supporters to again occupy the streets and squares in a bid to challenge the fuss around with a referendum on a new constitution the national salvation front ones are peaceful they would count code claiming it was plagued by overwhelming fraud i'm concerned the results indicate that fifty six percent approve of the draft constitution which was drawn out by the islamists with the backing of the president and the muslim brotherhood it's vigorously rejected by the opposition who blame the government would turning the constitution into an islamist code and there's still time for campaign is against the draft to turn things around before the polls open for the referendum a second stage on saturday national salvation front spokes person. hoping the opposition's complaints won't remain an
been long trial the medical workers thousands of spain protested howls privatize ation as the activities called for mortal aspirations against. its eleven in the morning in the russian capital you're watching all see was me hello and welcome to the park ron. now the main opposition group in egypt has urged its supporters to again occupy the streets and squares in a bid to challenge the fuss around with a referendum on a new constitution the national salvation front ones are peaceful they would...
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Dec 31, 2012
12/12
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WUSA
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some of the most amazing sparkling wines and values come from spain and it's only $9. it's made like a champagne but doesn't cost lime one. >> how much is that? >> it's $12. it's absolutely a party in a bottle. >> if you go to italy, whether you're in rome or venice, you'll see literally everybody on new year's eve walking around with it. this is a very good one. >> and then a sparkling wine from australia. >> it's unusual. >> yeah. i've never heard of that. >> people think of australia gives us chardonnay and others. this is jacob's creek. ice made exactly like a champagne, chardonnay and pi pino noir, two of the grapes that go in champagne. but it's really remarkable. >> this is champagne? >> it's right next door to champagne. in france when they make wine in a sparkling wine type style, you can get this from burgundy. this one is made from pinot noir and chardonnay. it's aged like a champagne but doesn't cost like a champagne. this is only $17 an hour. this is my personal favorite. this is very famous. they're famous for cristol. this is their california version. im
some of the most amazing sparkling wines and values come from spain and it's only $9. it's made like a champagne but doesn't cost lime one. >> how much is that? >> it's $12. it's absolutely a party in a bottle. >> if you go to italy, whether you're in rome or venice, you'll see literally everybody on new year's eve walking around with it. this is a very good one. >> and then a sparkling wine from australia. >> it's unusual. >> yeah. i've never heard of that....
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Dec 8, 2012
12/12
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CNBC
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if you look at what happened and what's happening in britain and spain and elsewhere, they have embarked upon deficit reduction. and what that has done is contract their economies when they still have very high unemployment, very high under utilization of a lot of resources that. means that their ratio of their debts to their total economies keeps on getting worse. if you want that kind of economy, that kind of austerity economics, well then what you want to do is raise taxes on the middle class and also cut government spending. if you don't you don't go that way. and casey, with all due respect, there are three people looking for jobs for every job opening these days. i don't see how you can say that they're being paid for not getting jobs. >> casey, why don't we put some incentives into this economy? why don't we make it pay to work after taxes? why don't we make it pay more to invest after tax? while we're doing that, casey, why don't we shrink the size and scope of government so that the private sector can keep its own resources and spend up more wisely than the government will? >> w
if you look at what happened and what's happening in britain and spain and elsewhere, they have embarked upon deficit reduction. and what that has done is contract their economies when they still have very high unemployment, very high under utilization of a lot of resources that. means that their ratio of their debts to their total economies keeps on getting worse. if you want that kind of economy, that kind of austerity economics, well then what you want to do is raise taxes on the middle...
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Dec 28, 2012
12/12
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recession that was in terrible shape to begin with and i think you have a lot of austerity fatigue going on spain, italy, portugal, certainly greece. so you have those economic woes. the euro is not going to thrive and it may survive thanks to the ecb, but you're not going to get that economy to thrive, and the fiscal union ask those are very slow going and though they may be moving quickly by european standards and i've been given the magnitude of the problem going very slowly. >> how should people be thinking about this? the average american, and they've been hearing about it for so long and they're not sure it will affect their pocketbook. do you think they will? >> and there's this incredible chance that greece will leave and the dominos will begin to fall. i think that's unluikely to happen as long as the ecb is willing to support that currency, but will it thrive? will those economies boom? i don't think so, i think it will be another year of recession and you will find individual opportunities and the stock picker's market and far as it's a strong growth, they're not there yet. >> thanks s
recession that was in terrible shape to begin with and i think you have a lot of austerity fatigue going on spain, italy, portugal, certainly greece. so you have those economic woes. the euro is not going to thrive and it may survive thanks to the ecb, but you're not going to get that economy to thrive, and the fiscal union ask those are very slow going and though they may be moving quickly by european standards and i've been given the magnitude of the problem going very slowly. >> how...
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logan spain's made a formal request for e.u. funds to help his battered banks the deal will be discussed in the eurozone finance meeting underway in brussels details now from artie's peter all of a. spain has requested nearly forty billion euros worth of financial aid to help its crippled banking system this money. with thirty seven billion euros going to all its states for the nationalized thanks and two point five billion going toward spain's so-called five other cash should be ready for distribution by around the twelfth of december e.u. finance ministers meeting in brussels they're expected to educate based cashiering as part of their monthly meeting what it does mean for spain is that they join the likes of portugal and italy along with greece as countries who are entering this festive period hardly full of the joys of christmas regarding their finances the spanish people who showed in the recent past that they are very much obsessed with the current situation in their country and the fact that the governments are asking fo
logan spain's made a formal request for e.u. funds to help his battered banks the deal will be discussed in the eurozone finance meeting underway in brussels details now from artie's peter all of a. spain has requested nearly forty billion euros worth of financial aid to help its crippled banking system this money. with thirty seven billion euros going to all its states for the nationalized thanks and two point five billion going toward spain's so-called five other cash should be ready for...
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Dec 31, 2012
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markets in europe mixed after a shortened session in the uk, france and spain. our road map starts right where we were months ago, waiting for the 112th congress to agree on a debt reduction package. the senate convenes at 11:00 a.m. >> the dow had its worst day in a month on friday. set to close december with a loss. the question is, does it continue to sell off if there isn't an accord in congress. >> we will always have china. manufacturing pmi data from last night is the best in 21 months. can we finally say the chinese economy has been stabilized. >> but of course, we start in washington. as you know, congress comes back today. the house gaveling into session now with legislative business starting at 10:00 a.m. the senate returns at 11:00 a.m. eastern. there are only a few hours left to get a deal done. eamon? >> you're already hearing people talk the way they talk on new year's day. a lot of people wish they could go back in time and do things differently. that's the way people are talking in washington about this fiscal cliff. feeling as if this thing sud
markets in europe mixed after a shortened session in the uk, france and spain. our road map starts right where we were months ago, waiting for the 112th congress to agree on a debt reduction package. the senate convenes at 11:00 a.m. >> the dow had its worst day in a month on friday. set to close december with a loss. the question is, does it continue to sell off if there isn't an accord in congress. >> we will always have china. manufacturing pmi data from last night is the best in...
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is a lot of scotland old independence referendum in twenty fourteen spain no determined determined to bangkok loney of molding why is spending so steadfast is it because cars alone it is affluent as you make it out to be the lego world that that definitely one of the factors spanish maybe actually they are the ones afraid to be alone without the economical input of catalonia but the one that cuts plants we are also the thurmont to make it all work for everybody because we're not against the spanish we don't want to spain to fail we just out in favor of catalonia and not to fail with that's inside of and so we i'm sure was how alliances commercial alliances so nothing happened to sustain but that could be a fast i'm not a fast so we do have to bear in mind that the spain only finished its dictatorship in seventy five one hundred twenty five and the transition that the start at the thought of the start that the democrats the democracy in the spain because that dictate to died so they the deficit the democratic deficit that spain been has we understand he speaks so maybe english actually
is a lot of scotland old independence referendum in twenty fourteen spain no determined determined to bangkok loney of molding why is spending so steadfast is it because cars alone it is affluent as you make it out to be the lego world that that definitely one of the factors spanish maybe actually they are the ones afraid to be alone without the economical input of catalonia but the one that cuts plants we are also the thurmont to make it all work for everybody because we're not against the...
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Dec 1, 2012
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it was reported while caesar was in spain, the election of consuls was approaching. applied to the senate for permission to stand a candidate, but they reject the request and prevented his success gaining time with which he spun the debate until it was too late to conclude on anything that day. it's only been around 2064 years. don't believe the left when they say it was created in 1865. byrd would say otherwise. another speaker, norm, glad he's two seats away from me as i quote him, from 2005, said some things about republicans attempt to use nuclear options, options that i agree with. now, let me imp size this is a radical step it's taken. this will require breaking the rules, steam rolling the parliamentarian, and i've been disappointed in the reporting on the issue which tends to ice a kind of gloss and shorthand over matters making it appear as we are appearing to do it with a majority, just not elected to do it before. that's not the case. it's clear in the rules if you challenge a rule on constitutional grounds, that challenge is debatable, and the debate, its
it was reported while caesar was in spain, the election of consuls was approaching. applied to the senate for permission to stand a candidate, but they reject the request and prevented his success gaining time with which he spun the debate until it was too late to conclude on anything that day. it's only been around 2064 years. don't believe the left when they say it was created in 1865. byrd would say otherwise. another speaker, norm, glad he's two seats away from me as i quote him, from 2005,...
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Dec 14, 2012
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have to do is look at southern europe to see what is going on. 25 percent unemployment in greece and spain. imagine what the minority unemployment would be if we had a 25% unemployment rate on average. we see pensions being cut without any notice at all. we see social price ramps slashed. so i would think if we can convince the representatives of the so-called disadvantaged groups that there is at least some probability that that will happen to us, i would say a certainty that will happen to us eventually if we don't do something about the situation, i would think there would be much more sober in their demands. but at this moment i don't see it. >> i would say, you know, that a lot of this is, you know, if we are talking inside the beltway, that is a different conversation of we go outside the beltway. part of the disservice that the debate is having today is that it is -- it is steering away from what the real issues are, the most pressing issue, which is the potential for a sovereign debt crisis and more optimistic. you know, steering the conversation away from that. and it is not helpi
have to do is look at southern europe to see what is going on. 25 percent unemployment in greece and spain. imagine what the minority unemployment would be if we had a 25% unemployment rate on average. we see pensions being cut without any notice at all. we see social price ramps slashed. so i would think if we can convince the representatives of the so-called disadvantaged groups that there is at least some probability that that will happen to us, i would say a certainty that will happen to us...
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Dec 12, 2012
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these policies, the people who are really going to be hurt are the poor. 25% unemployment in greece and spain. imagine what the minority unemployment would be if we had a 25% unemployment rate on average in the united states. we see pensions being cut without any notice hardly at all. social programs slashed. there is at least some probability that will happen to us. i will say it is a certainty eventually if we do not do something about the situation. i would think they would be much more sober in their demand. at this moment, i do not see it. >> i would say a lot of this is, if we are talking inside the beltway, that is a different conversation. part of the disservice is the debate is having today is it is steering away from what the real issues are, the most depressing issue, i am more optimistic. it is steering the conversation away from that. it is not helping ordinary americans understand what the threat is over a somewhat longer term. i do not think we have 25 years anymore. maybe it is two or five. we get closer and closer every year that we build up our debt and every year that we po
these policies, the people who are really going to be hurt are the poor. 25% unemployment in greece and spain. imagine what the minority unemployment would be if we had a 25% unemployment rate on average in the united states. we see pensions being cut without any notice hardly at all. social programs slashed. there is at least some probability that will happen to us. i will say it is a certainty eventually if we do not do something about the situation. i would think they would be much more...
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Dec 28, 2012
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we're in the same realm as spain. we're not -- we do not have good optics here. i think it's going to get worse before it gets better. >> craig, you know, i understand that we need a real good kick in the pants, in the fiscal pants if you like, right, to get this house in order. at the same time, if we go over that cliff, this is real money to real people. this is money being taken out of people's paychecks. this is some people losing their unemployment benefits. all kinds of things could happen. how bad could it be? >> well, it certainly could be bad. just as an example of that, if you look at the payroll tax cut alo alone, that doesn't seem to be on the board. that could be an increase in the gasoline tax of $1.25 a gallon. there will be effects, but that has to happen at some point. we've been living on sugar high for too long now. at some point we have to get back to fiscal discipline. there's going to be some pain involved. >> craig, politicians don't get re-elected by not giving out candy. they get elected by giving out candy. >> i agree. i think that's why
we're in the same realm as spain. we're not -- we do not have good optics here. i think it's going to get worse before it gets better. >> craig, you know, i understand that we need a real good kick in the pants, in the fiscal pants if you like, right, to get this house in order. at the same time, if we go over that cliff, this is real money to real people. this is money being taken out of people's paychecks. this is some people losing their unemployment benefits. all kinds of things could...
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Dec 27, 2012
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most of the big stars and their cash in spain or england. >> in england, you already know the top for your clubs before the season starts, so full credit to hourly -- you already know the top four clubs. >> the league has been plagued by hooliganism, which has resulted in an empty stands. for years, the bundesliga has drawn the highest spectator numbers of any league in europe. combined with steadily rising television rights, they have made a solid foundation for german soccer. the only thing missing is that elusive european title. >> we hope they get it. if you are just joining us, you are watching the "journal" coming to you from dw in berlin. after a short break, we will take a look of the role of german chancellor angela merkel in solving the eurozone debt crisis. >> we will be right back. do not go away. >> welcome back. >> 2012 is coming to an end, and a lot of people in europe will be happy to see the old year out. not a day went by without worrying about the future of europe. >> not just for finance experts. a to was also a tough year for political leaders as they lurch from o
most of the big stars and their cash in spain or england. >> in england, you already know the top for your clubs before the season starts, so full credit to hourly -- you already know the top four clubs. >> the league has been plagued by hooliganism, which has resulted in an empty stands. for years, the bundesliga has drawn the highest spectator numbers of any league in europe. combined with steadily rising television rights, they have made a solid foundation for german soccer. the...
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Dec 1, 2012
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while caesar was in spain, the election of consoles was approaching. he applied the senate for permission to send a candidate, but cato strongly opposes request attempts to prevent his success by gaining time with which you until it was too late to conclude on anything that day. the filibusters only been around 2064 years since circa 59 b.c. don't believe the left of the falsely claim the filibuster was a mistake in 1805 by aaron burr. the late robert c. byrd would say otherwise. norman ornstein -- from 2005 cents in things about republicans and his nuclear option and judges that i agree with. now let me emphasize this is a radical step. this will require breaking the rules comes steamrolling parliamentarians and i must tell you it's been very disappointed in the reporting of this issue, which tends to use it kind of gloucestershire and other matters: making it appear as if this is some thing at any time can be done by a majority. they just have been elected to do it before. that's not the case. it's clear if each eligible on constitutional grounds the
while caesar was in spain, the election of consoles was approaching. he applied the senate for permission to send a candidate, but cato strongly opposes request attempts to prevent his success by gaining time with which you until it was too late to conclude on anything that day. the filibusters only been around 2064 years since circa 59 b.c. don't believe the left of the falsely claim the filibuster was a mistake in 1805 by aaron burr. the late robert c. byrd would say otherwise. norman...
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the people in spain are saying that their dignity is at stake and later in the program we report on how students and doctors in their thousands are protesting government austerity all over the country. and that time of action americans signed gun control petitions as a message to the white house after the latest tragedy in a u.s. elementary school those details and more after this break. i was. the was. in the middle of russia is no way from civilization or any three hour helicopter treat from the nearest village. they stole one family have been living here for a long time in tents made of reindeer skins. so he can set. lodging runs in a signal and minutes they also grew up in the but left it at the age of six and never returned they now live in the city in apartment building but still remember their regions was. i want a reason dancing teacher. was. next to his dances he tells the stories about his motherland. thanks lives in a reap the now has a one thousand strong reindeer herd when the enemy only saw the light can and most around brood is gathered turns and moved to another posture
the people in spain are saying that their dignity is at stake and later in the program we report on how students and doctors in their thousands are protesting government austerity all over the country. and that time of action americans signed gun control petitions as a message to the white house after the latest tragedy in a u.s. elementary school those details and more after this break. i was. the was. in the middle of russia is no way from civilization or any three hour helicopter treat from...
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portugal ireland those countries that have been bailed out of spain hasn't formally been bailed out but for those countries that have requested for bell outs from the eurozone. the fact that she has refrained from sort of right writing off of debts and things of that is that's the key. issue for german voters at the moment she hasn't done yet so. she has to her advantage but as mentioned you know of course these these economic numbers certainly need good. cause much good now better numbers have been announced for two thousand and fourteen forecast is that growth will come back to one point nine percent now do you see that happening and. why would that happen well i think it's quite ambitious and certainly if you look at the growth forecast for other countries in the eurozone as well in the u.k. various forecasters thinking that the u.k. could grow as much as two percent in two thousand and fourteen say one point nine percent in germany looks ambitious as well. let's not forget so i don't underestimate the german economy of course is the biggest in the year is a in one of the biggest
portugal ireland those countries that have been bailed out of spain hasn't formally been bailed out but for those countries that have requested for bell outs from the eurozone. the fact that she has refrained from sort of right writing off of debts and things of that is that's the key. issue for german voters at the moment she hasn't done yet so. she has to her advantage but as mentioned you know of course these these economic numbers certainly need good. cause much good now better numbers have...
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Dec 20, 2012
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announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. lori: research in motion bested by competitors like samsung and apple but could a comeback be on the horizon? today's earnings release could provide a clue. shibani joshi is here to talk about this. >> this is important quarter. calm, not before the storm but big unveiling. blackberry 10 will come out in january. here is what we expect at the close. loss by the company. revenue $2.65 billion. normally we pay so much attention to how many device this is company sells, unfortunately the trend is not this company's friend. device sales down 5% and 25% in the last two quarters over quarter. but this qu
announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before...
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Dec 29, 2012
12/12
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a town in southeast spain is cleaning up after revelers battled it out with flour, eggs, and -- wait for it -- firecrackers. the annual flour/egg/firecracker fight takes place on december 28 and celebrates spain's equivalent of april fool's day. to recap, that is flour, eggs, and firecrackers. jud . >> do they combine? >> yeah, like bisquick a la requirecrackers. >> some story meetings -- >> maybe next year. >> maybe. we'll see. >> thanks. >>> dylan dreyer has a check of the national forecast. good morning. >> good morning to you guys. yeah, talking about snow in the northeast. rain in the southeast. and right smack dab in the middle of the country, >>> snow will continue coming east. expect your snow chance prior to noon today. after that, it's rain. all the precipitation ending about 3:00 today. take a look because some folks are saying, where's the snow? it's west of us now between now and 9:00. that line will come to the east. we will be getting some snowfall in here, but only for about three or four hours. amounts pretty light. an inch, maybe just over that in montgomery county.
a town in southeast spain is cleaning up after revelers battled it out with flour, eggs, and -- wait for it -- firecrackers. the annual flour/egg/firecracker fight takes place on december 28 and celebrates spain's equivalent of april fool's day. to recap, that is flour, eggs, and firecrackers. jud . >> do they combine? >> yeah, like bisquick a la requirecrackers. >> some story meetings -- >> maybe next year. >> maybe. we'll see. >> thanks. >>> dylan...
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the international monetary fund have imposed on greece spain and portugal and ireland over the last two years the demand for austerity is precisely the reason that youth unemployment as you said in greece is now around fifty percent and approaching similar levels in much of the rest of southern europe it's the e.u. this being the problem here it's not being part of the solution in any way just one is about significance in to what is this president's been saying does it perhaps suggest there are political cracks in brussels here we have a top official being openly critical of the rest of europe. i mean there are always political cracks in brussels and across europe you have a group of countries that will agree on some things but won't agree on everything and when you start to push them together when they start to end up in a deep economic crisis it's also a crisis of institutions of course they start to squabble and that's what we've seen over the last few years no real agreement on what to do next because everyone has their own somewhat divergent interests and that's germany doesn't wan
the international monetary fund have imposed on greece spain and portugal and ireland over the last two years the demand for austerity is precisely the reason that youth unemployment as you said in greece is now around fifty percent and approaching similar levels in much of the rest of southern europe it's the e.u. this being the problem here it's not being part of the solution in any way just one is about significance in to what is this president's been saying does it perhaps suggest there are...
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Dec 13, 2012
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>> right. >> spain. spain? buying bonds one form or another. le ends eventually. my dad had the guy. bill for the house we bought and a rate i used to marvel at when i tried to buy a house the first time in the '80s. we are at the gi bill rates the guys came back from the war. >> bob pisani is here this morning more on what's moving. hey, bob? >> let you know about an ipo pricing down here, pbf energy here operation 20.5 million shares at 26. this looks ready to open at 28. the book is frozen right now so that means that the -- the specialist you can the dmm here has indicated the final price is in, it looks like pbf is going to open right now at $28, one of two ipos down that are priced today, solarcity pricing over on the nasdaq that is not yet open. get to more on that shortly. guys, mentioning when will the bond bubble burr president? big topic overnight that i was getting, at least. the feds actually yesterday, yields spiking up, reignited this debate. remember, this was the big call at this time last year, 2012, the year the bond bubble burst. by the way, it
>> right. >> spain. spain? buying bonds one form or another. le ends eventually. my dad had the guy. bill for the house we bought and a rate i used to marvel at when i tried to buy a house the first time in the '80s. we are at the gi bill rates the guys came back from the war. >> bob pisani is here this morning more on what's moving. hey, bob? >> let you know about an ipo pricing down here, pbf energy here operation 20.5 million shares at 26. this looks ready to open at...
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in spain on thursday thousands attended a mall. funeral march for the country's finances after a series of mass protests failed to stop a new batch of cuts what's been labeled the budget of hunger and misery includes some thirty nine billion euros worth of extra austerity investment advisor patrick young told us were drugs burdens a result of years of government mistakes the truth is there is no money to pay all of these nurses and doctors there is no money for this loutish government infrastructure it has to be privatized sold off there have to be savage cuts because truly spain has spent the last decade living on the never never it was built on the back of a huge property bubble the bubble was unsustainable nobody managed to manage start and unfortunately while we can obviously say it's a tragedy for the poor independent health care professionals there's just no way to manage to find the money to aid them in modern spain here is a government that has effectively and an overall majority they can do absolutely anything they want an
in spain on thursday thousands attended a mall. funeral march for the country's finances after a series of mass protests failed to stop a new batch of cuts what's been labeled the budget of hunger and misery includes some thirty nine billion euros worth of extra austerity investment advisor patrick young told us were drugs burdens a result of years of government mistakes the truth is there is no money to pay all of these nurses and doctors there is no money for this loutish government...
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Dec 3, 2012
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spain has been doing okay. for as long as i can continue, there isn't really any prospecs of spain asking for help. but i think the market knows that if spain does ask for help, there's always the back stop of the omt and that's why spain is doing what it's doing. so so far so good. >> starting to get ahead of a heavy 2013 program. will that throw out problems? >> i think they're pursuing the right strategy. the big difference on this front between italy and spain is that italy has a big fall in redemptions next year when it takes off pressure for sly flex year. spain has the opposite problems, a rise next year. so it's technically done for this year and the reason it's funding is to take some of the pain away from next year. and again these options get done and it isn't a big drama. they do have to get digested. but the primary dealers do take the bontds down and i'll expect no difference different on wednesday. >> so for the moment, no pressure relatively speaking. and yet we're now looking at the downgrades
spain has been doing okay. for as long as i can continue, there isn't really any prospecs of spain asking for help. but i think the market knows that if spain does ask for help, there's always the back stop of the omt and that's why spain is doing what it's doing. so so far so good. >> starting to get ahead of a heavy 2013 program. will that throw out problems? >> i think they're pursuing the right strategy. the big difference on this front between italy and spain is that italy has...
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reactions i mean we seen the riots in greece and italy and spain and you know the the eurozone that many people have been saying for ages now has just been going down the drain is anyone being held to account yet. the only people paying for this are savers and pension holders who are being forced to get only one percent or less on their savings they're the ones who are subsidizing all these bailouts they're the ones who are paying for all these bailouts and those people are getting angrier by the day as we see more quantitative easing and more bailouts are forcing money from savers of hardworking savers into the pockets of the speculator and the banks that are that's the that's where we're seeing this money and those people are getting angrier by the day i mean so many people are getting angrier by the day but now in the united states there's almost a moment of desperation a lot of people talking about this so-called a fiscal cliff kevin and i do know that the american president is due to make a statement in the next several hours from now saying that they could be they could be toward s
reactions i mean we seen the riots in greece and italy and spain and you know the the eurozone that many people have been saying for ages now has just been going down the drain is anyone being held to account yet. the only people paying for this are savers and pension holders who are being forced to get only one percent or less on their savings they're the ones who are subsidizing all these bailouts they're the ones who are paying for all these bailouts and those people are getting angrier by...
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power consum, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipperverage. t. ro price. invest with confidence. request a prospectus or summary prospectus with investmeninformation, risks, fees and expenses to read and consider carefully before investing. stuart: all right everybody. let's talk california. it's been another banner year for the formerly golden state. voters approving carbon taxes on business. higher taxes on themselves. and the state overwhelmingly voted for the president in the election. more than 60% of the state voting in favor of president obama for his reelection. let's bring in our next guest. he is chairman of the republican party in california. i'm not being sarcastic but i didn't think the republicans existed in california any longer. you are their chairman, is that correct? >> it is. it was a rough year. stuart: what does 2013 hold in store for califo
power consum, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipperverage. t. ro price. invest with confidence. request a prospectus or summary prospectus with investmeninformation, risks, fees and expenses to read and consider carefully before investing. stuart: all right everybody....